NOT LISTED FOR SALE

531 E Vasa Ave Fergus Falls, MN 56537

Estimated Value: $184,000 - $235,849

3 Beds
2 Baths
2,400 Sq Ft
$84/Sq Ft Est. Value

Sale Details

Date Sold: May 29, 2025

Last sale price $180,000 $75 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $1,252 / mo

188 Days on Market

Highlights

  • 1 Fireplace
  • 2 Car Detached Garage
  • 1-Story Property
  • No HOA
  • Patio
  • 5-minute walk to Adams Park and Grotto Lake

About This Home

As of May 2025

Location Location Location!! Welcome to this charming 3 bedroom 2 bath home nestled on a corner lot conveniently located within walking distance to Hospitals, schools, shopping, and restaurants. This home has a ton of charm and character which includes original wood floors, and open floorplan, also two bonus rooms, with an option to turn into an apartment with rental potential. This home boasts with several updates such as updated heating system, electrical, and finshings. This Home also has a waterproofing system, with a sump pump. Come see your new home today!

Last Agent to Sell the Property

Luke Mostue

Lakes Family Real Estate/Otter Tail Real Estate Listed on: 11/05/2024

Last Buyer's Agent

Luke Mostue

Lakes Family Real Estate/Otter Tail Real Estate Listed on: 11/05/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,002

Year Built

  • Built in 1951

Lot Details

  • 6,970

Parking

  • 2 Car Detached Garage

Home Design

  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • 1 Fireplace
  • Basement
  • Block Basement Construction

Bedrooms and Bathrooms

  • 3 Bedrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Boiler Heating System

Additional Features

  • Patio
  • Lot Dimensions are 50x145

Community Details

  • No Home Owners Association
  • Southside Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 71001990811000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,002

Year Built

Built in 1951

Lot Details

6,970 Sq Ft Lot

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family
  • Cooling System: Wall Unit(s)
  • Outside Features: Vinyl
  • Garage Spaces: 2
  • Accessibility Features: Doors 36"+
  • Fireplaces: 1
  • Water Source: City Water - In Street
  • Year Built: 1951
  • Above Grade Finished Sq Ft: 1404
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Block
  • Living Area: 2400
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 996
  • Basement YN: Yes

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Three Quarter Bathrooms: 1

Exterior Features

  • Roof: Asphalt
  • Foundation Details: Block
  • PatioPorchType: Patio

Garage/Parking

  • Parking Features: Detached Garage

Utilities

  • Heating: Boiler
  • Sewer: City Sewer - In Street
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Fergus Falls
  • SchoolDistrictPhone: 2189980544

Lot Info

  • Waterfront YN: No
  • PropertyAttachedYN: No
  • Lot Size: 50x145
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 71001990811000
  • Tax Annual Amount: 2002
  • TaxWithAssessments: 2002

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2024
Closed on
May 29, 2025
Sold by
Bought by
Seller's Agent
Luke Mostue
Lakes Family Real Estate/Otter Tail Real Estate
Buyer's Agent
Luke Mostue
Lakes Family Real Estate/Otter Tail Real Estate
List Price
$199,000
Sold Price
$180,000
Premium/Discount to List
-$19,000
-9.55%
Views
190
Current Estimated Value
$201,950

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,950
Avg. Annual Appreciation
12.07%
Original Mortgage
$180,000
Outstanding Balance
$179,540
Interest Rate
6.83%
Mortgage Type
New Conventional
Estimated Equity
$22,410

Purchase Details

Closed on
Dec 8, 2021
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$17,000
Interest Rate
3.11%
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$180,000 --
$24,400 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $180,000
Previous Owner $17,000
Previous Owner --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/29/2025 05/29/25 Sold $180,000 -9.5% $75 / Sq Ft
05/12/2025 05/12/25 Pending -- -- --
04/23/2025 04/23/25 For Sale $199,000 0.0% $83 / Sq Ft
04/21/2025 04/21/25 Pending -- -- --
03/13/2025 03/13/25 Price Changed $199,000 -5.2% $83 / Sq Ft
01/09/2025 01/09/25 Price Changed $209,900 -2.3% $87 / Sq Ft
11/25/2024 11/25/24 Price Changed $214,900 -2.3% $90 / Sq Ft
11/05/2024 11/05/24 For Sale $220,000 -- $92 / Sq Ft
Source: NorthstarMLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,154 $215,700 $12,300 $203,400
2024 $2,002 $196,800 $12,300 $184,500
2023 $1,756 $159,300 $12,300 $147,000
2022 $1,614 $175,600 $0 $0
2021 $1,614 $159,300 $12,300 $147,000
2020 $1,530 $136,500 $11,000 $125,500
2019 $1,464 $123,100 $11,000 $112,100
2018 $1,276 $123,100 $11,000 $112,100
2017 $1,252 $113,200 $9,600 $103,600
2016 $1,174 $107,100 $9,600 $97,500
2015 $1,114 $0 $0 $0
2014 -- $105,900 $9,600 $96,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6627512

NorthstarMLS

APN: 71001990811000

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